Political Quotes

John Fitzgerald Kennedy: “Middle and higher-income families are both consumers and investors--and the present rates ranging up to 91% not only…”

On the recordJanuary 23, 1963
Middle and higher-income families are both consumers and investors--and the present rates ranging up to 91% not only check consumption but discourage investment, and encourage the diversion of funds and effort into activities aimed more at the avoidance of taxes than the efficient production of goods.
Said by
John Fitzgerald Kennedy
Democratic · Massachusetts

Editor's note · Context

Special Message to the Congress on Tax Reduction and Reform.

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